Accountancy Business Drives Growth with Funding from Barclays Acquisition for County Durham Based Professional Firm
Posted on the 2 October 2018
A Barnard Castle based accountancy business has acquired a local competitor to expand the business with funding from Barclays.
Established in 1996, local accountancy practice Butler and Gee has successfully negotiated a deal to acquire the former practice of Michael Hanby who is now retiring. Based at 7 Newgate in Barnard Castle the practice serves clients from a broad sector of businesses offering all aspects of accountancy and taxation services. Butler and Gee’s acquisition will add nearly 200 new clients to their existing thriving business and these clients will be looked after with the same qualities and principles that they had enjoyed with Michael Hanby in the past.
Chris Butler, Partner, Butler and Gee Accountants said: “We are delighted that Michael has selected Butler and Gee to take on and act for his clients going forward into the future. We are a well-established local business serving businesses from all sectors and this acquisition will enable us to grow our practice while supported by our existing qualified and capable staff. We have been clients of Barclays since our commencement and Barclays funding support offers us the flexibility to expand as we continue to invest in both people and services as part of our growth journey.”
Butler and Gee Accountants employ eight people locally and hope to recruit new members to their team as their client base expands.
Clive Richmond, Barclays Business Manager put together the funding package for the deal and said: “It’s great to be able to support a local business that is thriving and expanding for the future and contributing to the local economy. Chris and business partner Darren Gee have a good reputation of looking after their clients and they are both well known locally and this further expansion ensures that the future looks bright for their practice.”